Premium Markets 2021-07-15T08:30:00Z
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A GameStop analyst shares how to successfully spot the short squeezes that send meme stocks to the moon — and warns of a common shorting mistake to avoid

GameStop soared in a shocking short squeeze and became a meme stock. GameStop analyst Michael Pachter shared how to spot future short squeezes.
Premium Markets 2021-07-14T17:55:39Z
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MORGAN STANLEY: Buy these 5 tech stocks set to benefit from the ongoing digital transformation, a robust IT spending backdrop, and the rise of cloud computing

Morgan Stanley's Q2 chief information officer survey revealed that CIOs expect 37% of workloads to move to the cloud by 2023 as IT budgets rise.
Economy 2021-07-15T20:24:18Z

America’s CEOs couldn’t say it any louder: We’re about to charge you more

Inflation increased 0.9% from May to June. In July, the CEOs of Pepsi, Conagra, and other consumer-packaged goods firms said price hikes are coming.
Markets 2021-07-15T20:23:19Z

Biogen falls 8% after 2 major hospital systems say they won't administer controversial Alzheimer's drug

The next big hurdle for Biogen will be receiving approval from health insurers to cover the costs of the drug.
Markets 2021-07-15T20:07:46Z

US stocks end mixed as Fed Chair Powell's continued backing of stimulus raises economic questions

Stocks fell after mixed data on the economy's recovery and a second day of congressional testimony by the Federal Reserve chief.
Markets 2021-07-15T19:15:55Z

The Biden administration is ramping up efforts to trace crypto used in cyberattacks and will offer bounties of up to $10 million for info

This White House initiative includes offering bounties of up to $10 million for information that will lead authorities to cybercriminals.
Markets 2021-07-15T19:15:52Z

Investing in Square today is like buying JPMorgan in 1871 as the payment company's Cash App realizes its growth potential, Mizuho says

"We believe Cash App may be en route to becoming the ultimate neo-bank and the money center bank of the future," Mizuho said.
Markets 2021-07-15T18:56:44Z

The UK will spend $15 million to warn young people about risks in crypto investing

There's been an "explosion" in young people investing in crypto and other high-risk assets, the FCA says.
Economy 2021-07-15T18:21:07Z

The CEOs of major companies are increasingly talking about inflation. Here's what has 3 of them worried.

Goods and services prices are rising, and while some economists say inflation is temporary, execs at BlackRock, JPM and Pepsi warn of lasting effects.
Markets 2021-07-15T18:19:36Z

Fed Chair Jerome Powell says cryptocurrencies are a 'failed' payment mechanism and stablecoins need to be regulated

Expanding on testimony given on Wednesday, Powell reiterated that stablecoins — and their lack of regulation — are a key concern for the Fed.
Economy 2021-07-15T18:02:59Z

Economists are divided about how bad inflation is going to get. Here are the 14 loudest voices on both sides of the issue.

The inflation debate continues to intensify as Biden proposes additional infrastructure spending after signing a $1.9 trillion stimulus bill into law.
Premium Finance 2021-07-15T17:47:29Z

MarketAxess and Tradeweb are disrupting how bonds are traded, and it's forcing banks to upgrade their tech

Tradeweb and MarketAxess have become integral tools for sales and trading desks. Their growth has opened the door for newcomers to eat bankers' lunch.
Economy 2021-07-15T17:46:48Z

Say goodbye to hotel turndown and these other services people simply don't want to pay for anymore

Daily hotel housekeeping is a thing of the past. Hilton cut it this week, and it's one of several things the economy of 2021 is leaving behind.
Markets 2021-07-15T17:00:01Z

The man at the center of the world's largest stablecoin began his career as a plastic surgeon, went by 'Merlin,' and once had to pay Microsoft to settle a counterfeiting case

While Giancarlo Devasini is not CEO, the 57-year-old is seen as the central figure at both tether and Bitfinex, the crypto exchange that controls tether.
Markets 2021-07-15T16:49:10Z

Cathie Wood doubles down on defense of bitcoin as environmentally conscious, and says there is 'nothing better' in terms of ESG

"Bitcoin mining will probably become part of utility ecosystems, and will proliferate renewables faster than would otherwise be the case," Wood said.
Premium Finance 2021-07-15T16:48:41Z
Markets 2021-07-15T16:48:10Z

A tiny camera company has seen its stock spike more than 3,000% in just 2 days after announcing a pivot into crypto — and day traders are taking notice

Camera company Life Clips is going parabolic and drawing attention from day traders after announcing it will acquire blockchain technology firm Belfrics Group.
Markets 2021-07-15T16:12:45Z

GameStop falls as much as 6% on report of Netflix planning streaming service for video games

GameStop shares have now tumbled more than 20% since the start of July.
Economy 2021-07-15T16:05:50Z

3 reasons teens are cashing in on a hot jobs summer

"As some shortages remain in the labor market, teens are able to come in and have a little more bargaining power," economist Luke Pardue said.
Premium Finance 2021-07-15T15:57:04Z

Wall Street's heavyweights wasted no time pouncing on Credit Suisse's prime brokerage pain

JPMorgan, Goldman Sachs, and Morgan Stanley reported records in their units that lend to hedge funds as competitors bitten by Archegos pulled back.
Markets 2021-07-15T15:43:26Z

The US has been sweeping up shares of the bitcoin hashrate as miners exit China

New data from the Cambridge Centre for Alternative Finance puts empirical evidence behind the ongoing migration of the bitcoin hashrate out of China.
Economy 2021-07-15T15:20:45Z

Why your favorite restaurant is closing early and charging more this summer

"The worst of COVID for the restaurant business is right now," said sommelier and operator of five restaurants Christopher Bates.
Premium Markets 2021-07-15T15:11:06Z

An investment chief at a $1.4 trillion asset manager outlines 3 different ways the drop in Treasury yields could affect the stock market — and explains why there could be 1970s-style inflation in the second half of 2021

Franklin Templeton's Sonal Desai considered the impact that the fall in bond yields could have on the stock market. Here are her three predictions.
Economy 2021-07-15T14:51:38Z

The government is sending up to $300 monthly checks to families with kids starting today. Democrats want to make it permanent as a new form of Social Security.

The Biden stimulus benefit is the US's inaugural version of guaranteed income geared to children. Millions could get direct payments every month.
Markets 2021-07-15T14:30:54Z

Tesla will likely launch a flying car business by 2050 that could be worth $1,000 per share, according to Morgan Stanley

"The chance that Tesla does not ultimately offer products and services to the [flying car] market is remote," Morgan Stanley said.
Premium Markets 2021-07-15T14:20:19Z

Paul Ehrlichman has been one of the world's best stock pickers in the past year. He told us how he built his portfolio, where he's invested today, and what he thinks it will look like a year from now.

Paul Ehrlichman is one of the best performing stock fund managers of the last year. He explained his investing process and highest-conviction picks.
Markets 2021-07-15T13:41:19Z

The Italian regulator has blocked consumers from investing in crypto through Binance on all its platforms

Italy has blocked its citizens from accessing the Binance cryptocurrency exchange on all its platforms.
Markets 2021-07-15T13:34:20Z

US stocks slip as investors weigh jobless claims with Fed chief's messaging on inflation

Fed Chairman Powell will appear for a second day of testimony on Capitol Hill after reiterating his stance Wednesday that inflation will be temporary.
Markets 2021-07-15T13:05:19Z

The creator of dogecoin says he will never return to crypto and the market's main purpose is to make its proponents richer via tax avoidance and light regulation

"I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents."
Economy 2021-07-15T12:42:36Z

The number of Americans filing for unemployment resumed its downward trend, falling to 360,000

It's another sign of a steadily recovering labor market. Continuing claims, or the number of Americans receiving benefits, fell to 3.24 million.
Markets 2021-07-15T12:10:03Z

Morgan Stanley's fixed-income sales and trading miss overshadows 2nd-quarter earnings beat

The bank's provision for credit losses on loans and lending commitments fell to $73 million for the second quarter of 2021, from $239 million last year.
Markets 2021-07-15T11:58:32Z

Cardano has completed an upgrade that will mean it can bring advanced smart contracts and DeFi to its blockchain

The cardano network has completed an upgrade that will allow it to incorporate more advanced smart contracts and decentralized finance applications.
Markets 2021-07-15T11:35:00Z

Hong Kong police arrest four over alleged $155 million Tether money laundering scheme

The suspects, aged between 24 and 33, had opened numerous bank accounts to make crypto transactions, Hong Kong authorities said.
Markets 2021-07-15T11:34:21Z

Elizabeth Warren wants to investigate Warren Buffett and other billionaires' tax practices — and probe the banks and wealth managers behind them

The senator wants a crackdown after ProPublica reported Jeff Bezos and Elon Musk paid zero federal income tax in some years.
Markets 2021-07-15T10:28:06Z

10 things before the opening bell

Cathie Wood says no to Chinese tech stocks and Fed Chair Jay Powell has remarks scheduled for today.
Premium Markets 2021-07-15T10:15:34Z

Goldman Sachs says to buy these 50 stocks poised to offer surefire returns through year-end in a bumpy market that's grinding higher

Goldman Sachs has identified 50 stocks with the potential to generate high returns with low risk that investors should own for a "bumpy" 2021.
Premium Markets 2021-07-15T09:01:00Z

A chief investment officer breaks down how to find private-equity opportunities with 100X potential — and shares 16 examples on his radar now

"Prepare to be surprised when your favorite deals don't do much and the boring ones take off," says Meb Faber.
Markets 2021-07-15T08:33:44Z

Global stocks waver after Fed's Powell says surging US inflation will fade

The Fed chair said inflation data so far has been higher than expected, but is linked to a small group of goods and services tied to the reopening.
Markets 2021-07-15T07:00:44Z

The number of Brits on payrolls surged by 356,000 in June as the economy reopened and hospitality boomed

The UK hospitality sector sharply increased its hiring in June after COVID-19 restrictions were loosened in May.
Premium Tech 2021-07-14T22:14:26Z

Dink Doink: A 'sh--coin' cryptocurrency backed by Logan Paul wants to change the world with memes and cartoons, says the CEO

Dink Doink, a cryptocurrency backed by Logan Paul, wants to create a media empire with their springy mascot.
Markets 2021-07-14T21:52:31Z

Lumber prices continue to fall, and are headed to as low as $350 by August, an analyst says

By end of August and into September, the price of lumber could settle in a range between $350-$450 per thousand board feet, an analyst told Insider.
Economy 2021-07-14T20:46:30Z

Use this Goldman Sachs data to convince your boss you should work from home and travel less for meetings

Goldman Sachs found that US worker productivity increased by 3% per hour during the pandemic, especially in industries with remote work.
Markets 2021-07-14T20:11:12Z

The SEC has delayed a decision on another bitcoin ETF, putting off approval of a fund from WisdomTree

But the SEC now may be warming up to the view, expressed by many bitcoin fund applicants, that not approving a regulated ETF could present its own risks.
Markets 2021-07-14T20:07:08Z

US stocks trade mixed as Powell reiterates in testimony that inflation will pass

The Fed chief said he expects inflation to moderate and that the central bank will stay on track with its current monetary policy.
Markets 2021-07-14T20:04:22Z

AMC Entertainment falls 14% as increasing short bets test a key technical support level

Short bets against the movie theater chain increased 6% over the past week, according to data from S3 Partners.
Markets 2021-07-14T19:36:37Z

US stocks rise as Fed Chair Powell says the US economic recovery still has further to run before tapering

Federal Reserve Chair Jerome Powell said the US job market "is still a ways off" from the progress the central bank hopes to see.
Markets 2021-07-14T19:33:24Z

Brazil gives the green light to Latin America's 1st ethereum ETF

Brazil's third crypto ETF arrives as US regulators weigh the approval of the country's first bitcoin fund.
Markets 2021-07-14T19:05:44Z

Fed Chair Jerome Powell says cryptocurrencies and stablecoins won't be needed once the US has a digital currency

"You wouldn't need stablecoins, you wouldn't need cryptocurrencies, if you had a digital US currency," the Fed chief said.
Markets 2021-07-14T18:48:28Z

Apple extends record-setting rally to 4th day as investors cheer expanded iPhone production and push into 'buy now, pay later'

Apple is now hovering near a $2.5 trillion market capitalization for the first time ever.
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